Govt launches drive to weed out fake GST registrations used for ITC frauds
New Delhi, Aug 20 – The government has launched a special drive by Central and state GST formations to identify and weed out fake GST registrations that are being used for massive ITC (input tax credit) frauds, a top official said on Tuesday.
Kia, Tesla and others to recall over 1 lakh cars for faulty parts
Seoul, Aug 21- Kia, Tesla and two other carmakers will voluntarily recall more than 100,000 vehicles due to faulty components, the transport ministry here said on Wednesday. The four companies, including Ford Motor and GM Asia Pacific Regional Headquarters are recalling a combined
Automakers engage in myth-busting campaign surrounding EV charging safety
Seoul, Aug 21 – Automotive companies in South Korea are pushing forward with their new electric vehicle launch schedules despite public concerns over EV safety, with key players actively campaigning to debunk unsubstantiated myths surrounding safe charging practices. The latest fears surrounding EVs
India’s target of $55 trillion economy is ambitious but achievable: IMF official
New Delhi, Aug 21 – India’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target,
India inks pact to export green ammonia to Japan
New Delhi, Aug 21 – India has signed an agreement for the export of green ammonia to Japan marking a significant step forward in the country’s journey to becoming a global leader in green energy in green hydrogen and ammonia production, the Ministry
8 in 10 Indian developers witness enhanced code quality due to AI tools
Bengaluru, Aug 21 – Nearly eight in 10 (81 per cent) developers in India have experienced a perceived increase in code quality due to AI coding tools, a report showed on Wednesday. About 66 per cent (over six in 10) believe these tools
PM Modi congratulates RBI Guv for top global rating 2nd time in a row
New Delhi, Aug 21 – Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on being rated “A+” for the second time in a row in the ‘Global Finance Central Banker Report Cards 2024’. Responding to a post on X by
Rate cut only after durable alignment of inflation to 4 pc target: RBI chief
New Delhi, Aug 20 – A decision on reducing the key policy repo rate will depend on keeping inflation in check and the fall in food and vegetable prices in July was not enough to cut rates, Reserve Bank of India Governor Shaktikanta
Zimbabwe imports 90 pc of pharmaceutical products from India: Minister
New Delhi, Aug 20 – Zimbabwe imports 90 per cent of pharmaceutical products from India, the African country’s Health and Child Care Minister Dr Douglas Mombeshora said on Tuesday. Speaking to IANS at the sidelines of the 19th CII India-Africa Business Conclave, Dr
Aug to Nov festive season expected to see sales of Rs 4 lakh crore: CAIT
New Delhi, Aug 20 – The Confederation of All India Traders (CAIT) expects festive sales of over Rs 4 lakh crore due to the extended period of the festival season this year which began with Raksha Bandhan on August 19 and will extend
TRAI directs access service providers to curb misuse of messaging services from Sep 1
New Delhi, Aug 20 – The Centre on Tuesday mandated access service providers to take concrete measures to curb misuse of messaging services, effective from September 1. The Telecom Regulatory Authority of India (TRAI) has mandated them to migrate telemarketing calls starting with
India’s Account Aggregators cross 100 mn consents, to reach 30 pc of population by FY25
Bengaluru, Aug 20 – In a remarkable achievement of the country’s fintech ecosystem, total number of successful consents on the Account Aggregator (AA) framework has crossed 100 million in three years (as of August 15) , a report said on Tuesday. About 80-90
India likely to need 12.5 lakh AI-skilled professionals by 2027: Report
New Delhi, Aug 20 – As India aims to become a global leader in artificial intelligence (AI), the talent demand in the country is projected to grow from 6 lakh–6.5 lakh to more than 12.5 lakh by 2027, a report showed on Tuesday.
Centre launches pilot to transform 60 fair price shops as Jan Poshan Kendras
New Delhi, Aug 20 – The Union government on Tuesday launched a pilot to transform 60 fair price shops in the country as Jan Poshan Kendra. The pilot to be run in Gujarat, Rajasthan, Telangana, and Uttar Pradesh will provide a solution to
Indian firms poised to invest $45-50 billion a year amid rising profits
New Delhi, Aug 20 – Indian companies are expected to allocate $45–50 billion annually for capital expenditure over the next two years as the investment cycle picks up momentum on the back of robust corporate earnings, according to a Moody’s Ratings report released
Sensex closes up 378 points, bank shares lead the rally
Mumbai, Aug 20 – India equity indices closed in the green on Tuesday following positive sentiments in the markets. At closing, Sensex was at 80,802, up 378 points or 0.47 per cent and Nifty was at 24,698, up 126 points or 0.51 per
India adds 7.3 crore internet subscribers, 7.8 crore broadband users in 1 year
New Delhi, Aug 20 – India added 7.3 crore internet subscribers and 7.8 crore broadband subscribers in one year as the number of telephone subscribers reached 119.9 crore in the country, the Centre informed on Tuesday. Total number of internet subscribers increased from
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
New Delhi, Aug 20 – In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024.
Indian Railways launches hi-tech water level monitoring system for trains
Guwahati, Aug 20 – Indian Railways has launched an advanced ‘water level monitoring system’ for the comfort of train passengers with the first installation on the Brahmaputra Mail Express which will carry out trial runs. The innovative system represents a major advancement in
Zomato sees block deal worth Rs 5,438 crore for 21 crore shares
Mumbai, Aug 20 – Online food delivery platform Zomato saw a block deal on Tuesday where 21 crore shares (around 2.4 per cent equity) worth Rs 5,438.5 crore changed hands. The block deal, likely by Antfin Singapore, was executed at an average of